Epic Games is laying off 16% of its staff

Re:Epic Games is laying off 16% of its staff by toyg on Thursday September 28, 2023 @11:53AM (#37691396)

Meh, it's nothing to do with that, it's just a layoff round.

Epic went from 2200 employees in 2020 to almost 9000 in 2023. They are now basically shedding 1 out of 6 hires they've done since 2020. That's not really about sustainability, it's just a way to drop the ones that didn't really work out.

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Re:Epic Games is laying off 16% of its staff by c7DJTLrn on Thursday September 28, 2023 @12:02PM (#37691549)

>That's not really about sustainability, it's just a way to drop the ones that didn't really work out

These layoffs are just a way for CEOs to improve "efficiency" AKA increase margins so they get a nice fat bonus - COVID overhiring has been a convenient excuse and every company has jumped on it.

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Re:Epic Games is laying off 16% of its staff by robertlagrant on Thursday September 28, 2023 @12:34PM (#37692045)

It's not an excuse. They overhired.

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Re:Epic Games is laying off 16% of its staff by meheleventyone on Thursday September 28, 2023 @12:57PM (#37692415)

I don’t think Tim Sweeney is very bonus motivated TBH! Although if you read the article he says directly that it’s efficiency motivated.

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Re:Epic Games is laying off 16% of its staff by jmye on Thursday September 28, 2023 @01:22PM (#37692763)

So you don’t think they actually overhired and that that massive growth in headcount was needed and justified?

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Re:Epic Games is laying off 16% of its staff by giantg2 on Thursday September 28, 2023 @12:49PM (#37692275)

It depends on how they're laying off. If it's by project, they might not be segregating by skill. If it's across the board, then they might.

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